$CapLand Ascendas REIT(A17U.SI

CapitaLand Ascendas Reit is divesting Kim Chuan Telecommunications Complex, a 10-storey data centre, for about S$200.4 million to an unrelated third party.

The sale consideration is more than double the S$100 million that Clar paid for the property at 38 Kim Chuan Road when it acquired it in March 2005.

It also represents a premium of around 32% to the property’s independent market valuation of S$151.8 million as at end-June,

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